Close Menu
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds

Subscribe to Updates

Get the latest markets and assets news and updates directly to your inbox.

Trending Now

Artist Sues Chris Levine Over Credit for Iconic Queen Portraits

October 25, 2025

Crypto Market Update: FalconX to Buy 21Shares, Senate Democrats Call Out Trump Envoy

October 25, 2025

Kraftwerk Cofounder’s Vintage Electronic Gear and Ephemera Go Up for Auction

October 25, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Asset ObserverThe Asset Observer
Newsletter
LIVE MARKET DATA
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds
The Asset ObserverThe Asset Observer
Home»Art Market
Art Market

Pace to shut Hong Kong gallery – The Art Newspaper

News RoomBy News RoomOctober 3, 2025
Share
Facebook Twitter LinkedIn Pinterest Email

Pace will cease to operate its Hong Kong gallery space as of later this month. A spokesperson for the gallery confirms to The Art Newspaper today (3 October) that it “will not be renewing its lease at H Queen’s when it expires after the current Alejandro Piñeiro Bello exhibition” (until 18 October). The gallery will continue to operate offices in both Hong Kong and Beijing.

“Our gallery space at H Queen’s is no longer serving us and since our lease is expiring, like many other galleries, we are taking the opportunity to exit,” the spokesperson adds.

Pace has maintained a gallery in Hong Kong for more than a decade, first launching in the city in 2014 in the pre-war Pedder Building, before moving in 2018 to the new 26-storey tower H Queen’s.

When H Queen’s launched, it was heralded as Hong Kong’s shiny new gallery hub, with a raft of dealers quickly taking spaces in the building, including David Zwirner and Tang Contemporary Art. Today, only a few of its gallery tenants are left. Pace’s departure from H Queen’s follows that of Hauser & Wirth, which relocated to two spaces nearby. The galleries Pearl Lam and Whitestone have also closed their H Queen’s locations.

Hong Kong’s viability as the premier Asia outpost for international galleries has been imperilled following a sharp decline in spending by Mainland Chinese collectors, political pressure from Beijing and a downturn in the global market. Last year, the gallery Lévy Gorvy Dayan closed its Hong Kong space and has not re-opened in the city. The gallery’s head of operations for Asia, Rebecca Wei, told the Financial Times at the time of closure that “client behaviour had changed”.

Pace “will be exploring alternative gallery spaces across the city and will take a new lease if we find an appropriate opportunity,” the spokesperson says.

“We are so proud of Pace’s history as the first international gallery to establish a gallery in China, first in Beijing in 2008, then Hong Kong in 2014,” they add. “We have such a long and deep commitment to the arts community in Hong Kong and Greater China, and while we are without a permanent gallery space in Hong Kong we will continue to focus on our artist and client relationships through our offices in Hong Kong and Beijing and with greater connectivity to our regional and global teams. We will seek opportunities to present our artists’ work through our strong network of curators and museum directors in the region, as well as at other private and public spaces.”

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

Artist Sues Chris Levine Over Credit for Iconic Queen Portraits

Kraftwerk Cofounder’s Vintage Electronic Gear and Ephemera Go Up for Auction

Van Gogh’s exuberant ‘Tarascon Stagecoach’ will be donated to a Los Angeles museum – The Art Newspaper

The Satellite Fairs Stealing the Spotlight During Paris Art Week 2025

Louvre heist: the fallout, RoseLee Goldberg on the Performa Biennial, Wayne McGregor on his new installation—podcast – The Art Newspaper

Art Basel Has Quietly Been Offering Discounts to Some New Galleries at Its Fairs

Science museum files lawsuit to have Pérez Art Museum Miami’s billboard removed – The Art Newspaper

James Turrell to open his largest museum “Skyspace” in Denmark.

Naotaka Hiro Pushes His Body to Its Limits Using Abstract Painting

Recent Posts
  • Artist Sues Chris Levine Over Credit for Iconic Queen Portraits
  • Crypto Market Update: FalconX to Buy 21Shares, Senate Democrats Call Out Trump Envoy
  • Kraftwerk Cofounder’s Vintage Electronic Gear and Ephemera Go Up for Auction
  • Van Gogh’s exuberant ‘Tarascon Stagecoach’ will be donated to a Los Angeles museum – The Art Newspaper
  • Silver Market Outlook for Investors

Subscribe to Newsletter

Get the latest markets and assets news and updates directly to your inbox.

Editors Picks

Crypto Market Update: FalconX to Buy 21Shares, Senate Democrats Call Out Trump Envoy

October 25, 2025

Kraftwerk Cofounder’s Vintage Electronic Gear and Ephemera Go Up for Auction

October 25, 2025

Van Gogh’s exuberant ‘Tarascon Stagecoach’ will be donated to a Los Angeles museum – The Art Newspaper

October 25, 2025

Silver Market Outlook for Investors

October 25, 2025

The Satellite Fairs Stealing the Spotlight During Paris Art Week 2025

October 24, 2025
Facebook X (Twitter) Instagram
© 2025 The Asset Observer. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.